WASHINGTON —The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner’s required minimum distribution (RMD) for the year.
IR-2023-63, March 30, 2023 WASHINGTON – As part of the annual Dirty Dozen tax scams series, the Internal Revenue Service today renewed a warning about
IR-2023-62, March 29, 2023 WASHINGTON —The Internal Revenue Service today warned tax professionals and businesses that they remain a top target for identity thieves and
IR-2023-61, March 28, 2023 WASHINGTON — The Internal Revenue Service today continued the Dirty Dozen series with a warning on day seven about trusting tax
IR-2023-, March 28, 2023 WASHINGTON — Mississippi storm victims now have until July 31, 2023, to file various federal individual and business tax returns and
IR-2023-59, March 27, 2023 WASHINGTON — The Internal Revenue Service today continued the Dirty Dozen series by cautioning taxpayers to avoid unscrupulous tax return preparers
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